New answers tagged opportunity-cost
2
votes
Sunk cost fallacy and Opportunity cost
Sunk costs indeed don't matter here:
$T$ ... Trump, $H$ ... Hillary, $S$ ... stay at home
$v$ ... valuation function, $p$ ... payment function, $u=v-p$ ... utility function
$oc(x) = \max\{u(y)\,|\,y\...
- 7,470
Top 50 recent answers are included